J P Morgan Chase & Co Trims Royal Mail (RMG) Target Price to GBX 530

Royal Mail (LON:RMG) had its target price lowered by J P Morgan Chase & Co from GBX 535 ($7.20) to GBX 530 ($7.13) in a report issued on Tuesday. The firm currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. reiterated a buy rating and set a GBX 465 ($6.26) price target on shares of Royal Mail in a research note on Wednesday, October 18th. HSBC reiterated a buy rating and set a GBX 465 ($6.26) price target on shares of Royal Mail in a research note on Monday, November 20th. Berenberg Bank started coverage on shares of Royal Mail in a research note on Tuesday, October 31st. They set a hold rating and a GBX 375 ($5.05) price target for the company. Royal Bank of Canada reiterated a sector performer rating and set a GBX 445 ($5.99) price target on shares of Royal Mail in a research note on Tuesday, December 5th. Finally, Liberum Capital reiterated a sell rating and set a GBX 385 ($5.18) price target on shares of Royal Mail in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Royal Mail has a consensus rating of Hold and a consensus price target of GBX 429.08 ($5.78).

Shares of Royal Mail (RMG) traded down GBX 2.50 ($0.03) during trading hours on Tuesday, reaching GBX 442.50 ($5.96). 2,623,477 shares of the company were exchanged, compared to its average volume of 5,810,000. Royal Mail has a 12-month low of GBX 367.80 ($4.95) and a 12-month high of GBX 467.60 ($6.29).

The company also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 7.70 ($0.10) per share. The ex-dividend date is Thursday, December 7th. This represents a yield of 1.86%.

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About Royal Mail

Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.

Analyst Recommendations for Royal Mail (LON:RMG)

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